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The Venture Codex

AUC Angels

AUC Avenue, Cairo, 11835, Egypt

Overview

AUC Angels is the first university-based angel investor network in the MENA region. Angel investors are individuals who are interested in investing in early-stage startups with growth potential which in turn supports the growth of a dynamic entrepreneurship ecosystem in Egypt. The mission of AUC Angels is to (i) build an angel investment network for AUC alumni and friends, (ii) provide a strong pipeline of startups for our angel investors, (iii) facilitate deal flow, (iv) support innovative Egyptian startups secure seed funding, and (v) provide support after the investment is completed. In partnership with AUC Venture Lab, AUC Angels has access to vetted and highly scalable startups, who have already launched their products or services, proved traction in the market, and have a strong chance for positive returns. AUC Angels provide startups with business and finance skills that equip them to develop attractive investment cases.

Total investments
4
Lead investments
0
Investments · 12mo
1
Active investors
4
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Investment portfolio

  • ILLA

    Participated · Seed · Aug 2026

    Founded in 2019, ILLA provides delivery and logistics solutions across Egypt, operating in 24 governorates. The company serves both corporates and SMEs, with notable clients including Coca-Cola, P&G, Nestle and Pepsico. ILLA has been described as a trailblazer in logistics solutions for the FMCG sector and is noted for its diverse team and market expertise. The startup received follow-on support from Flat6LabsCairo and has now closed a $500,000 seed round with participation from Averroes VC, AUC Angels and regional strategic angels. Reporting highlights that ILLA’s positioning and operations have gained attention amid shifts in Egypt’s logistics landscape during the pandemic. Specific future plans and detailed financial metrics were not disclosed in the articles.

  • Sprints

    Participated · Seed · Apr 2022

    Sprints is an AI-powered educational technology company that delivers personalized learning journeys and a job guarantee aimed at closing the tech talent gap. The company was founded in 2019 by Ayman Bazaraa and Bassam Sharkawy and is based in Maadi al Khahiri, Cairo, Egypt. Sprints reports 51–200 employees and a stated goal to educate one billion students in ten years. The startup says it will expand into new markets across the MEA region to establish the area as a tech talent hub. Financially, the company has reported $3.0 million in total funding to date, raised as bridge financing. Sprints is a Cairo-based EdTech startup that provides an end-to-end solution to bridge the tech talent gap. Founded in 2019 by Ayman Bazaraa and Bassam Sharkawy, it identifies talent pools and offers tailored learning paths plus job-placement support. Its programs use a comprehensive learning method in which students meet role-played customers, gather design requirements, and build software products on a weekly basis. Sprints runs guaranteed-to-hire programs across MEA and assists alumni with ongoing professional development. Graduates who secure employment pay via 0% interest payments over three years. The company recently raised $1.2 million in a seed round.

  • DentaCarts

    Participated · Equity · Dec 2019

    DentaCarts operates a Cairo-based online marketplace that sells a range of dental products to dental clinics and individual dentists, primarily in Egypt. The platform lists more than 10,000 products, spanning clinic furnishings to everyday disposable dental items. The startup was founded in 2017 by Ahmed Yehia and Saad Saleh. DentaCarts participated in Misk500’s first cohort. The articles describe the business focus and product assortment but do not disclose revenues or user metrics beyond product count. The company continues to position itself as a specialized B2B marketplace for dental supplies in the region.

Team

  • Abdul Latif Jameel

    Founder

  • Ayman Ismail

    Founder & Director

  • Hassan Elsokkary

    Angel Investor

    LinkedIn
  • Mohamed Ihab

    Investment Associate